ECB clears UniCredit to take control of Commerzbank

AI-generated briefing · First published

UniCredit wins ECB approval to exceed 30% stake in Commerzbank and expects to take control by year-end.

The European Central Bank has authorised UniCredit to exceed the 30% shareholding threshold in Commerzbank, allowing the Italian bank to take control of the German lender around the end of the year. [1] [2]

UniCredit's stake reached 48% after a €45 billion hostile takeover offer completed in July. The bank expects to hold around 50% of voting rights once remaining regulatory steps are completed. [2]

Sources

  1. UniCredit cleared by ECB to take control of Commerzbank

    Euronews Business · · Summary only

  2. UniCredit wins ECB approval to control Commerzbank

    RTÉ Business · · Full text

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